The total number of loans issued to owner-occupiers climbed 2.1% across the country.
The total value of housing loans approved in November increased by 2.3% to $33.5bn, with the value of those issued to owner-occupiers rising by 2.7 to $21.3bn. Investment loans saw a lower increase of 1.5% to $12.1bn as policies meant to discourage property investing continued to hit investors.
The average loan size for first-home buyers rose $3,300 to $327,100, while the average loan size for owner-occupied housing went up $11,000 to $388,900.
By state, the number of owner-occupied housing loans (seasonally adjusted) saw increases in New South Wales (2.0%), Queensland (3.1%), the Australian Capital Territory (8.6%), Victoria (0.5%), South Australia (1.5%), and Tasmania (0.7%). Declines were recorded in Western Australia (down 3.5%) and the Northern Territory (down 8.5%).
The number of loans for owner-occupied housing financed by banks was flat in November, after an increase of 0.2% the previous month. The seasonally adjusted series rose 2.2% in November following a decrease of 0.9% in October.
For loans financed by non-banks, the number went up 1.4%, following a rise of 1.6% in October. The seasonally adjusted series rose 1.3%, after an increase of 3.6% the previous month.
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